Strategy stock gains 9.47 percent as Bitcoin buying resumes

Published on 09/22/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Strategy stock closed at USD 168.50 on September 21, 2026, after a 9.47 percent gain. Strategy added 950 Bitcoin for USD 75.7 million.

Strategy, US5949724083, Illustration mit AI erstellt.

Strategy Inc. (ISIN US5949724083) closed at USD 168.50 on Nasdaq on September 21, 2026, up 9.47 percent as Bitcoin moved above USD 85,000. The company had resumed purchases with 950 Bitcoin acquired for USD 75.7 million, giving the latest move a concrete treasury catalyst.

950 Bitcoin change the balance sheet

According to Invezz on September 21, 2026, Strategy bought the 950 Bitcoin between September 14 and September 20 at an average price of USD 79,670 per coin, including fees and expenses. The purchase lifted total holdings to 846,000 Bitcoin, acquired for approximately USD 63.8 billion at an average cost of USD 75,416 per coin.

The comparison is material: the latest purchase price was USD 4,254 above the aggregate average cost. At a Bitcoin price of about USD 85,000, the holdings were valued near USD 72 billion, approximately USD 8 billion above their acquisition cost, according to CCN on September 22, 2026.

Quarterly loss shows the risk

Strategy's Bitcoin exposure also magnifies accounting swings. For the second quarter of 2026, the company reported an USD 8.2 billion net loss, largely reflecting unrealized losses on its Bitcoin portfolio, while revenue was reported at USD 122.37 million for the quarter ended June 2026, up 6.88 percent from USD 114.49 million in the prior-year quarter, according to Finanzen.ch on September 21, 2026.

That contrast defines the stock: revenue growth remains modest beside the scale of the Bitcoin treasury, while reported earnings can change sharply with the cryptocurrency price. Strategy's market capitalization reached USD 70.9 billion on September 21, 2026, compared with USD 39.3 billion on June 22, an increase of USD 31.6 billion or 80 percent, according to Bitcoin News on September 22, 2026.

Targets rise with Bitcoin leverage

Analyst targets have also moved higher. According to Timothy Sykes on September 21, 2026, B. Riley raised its target to USD 175 from USD 155, Canaccord raised its target to USD 179 from USD 130 and later USD 175, and Barclays raised its target to USD 160 while retaining an Overweight rating. The same report cited Alliance Global's USD 217 target issued on September 1, 2026.

The counter-factor is valuation sensitivity. On September 21, 2026, Strategy's market capitalization was reported at USD 65.75 billion by GuruFocus, which also described a price-to-sales ratio of 107.14 times. The figure underscores how strongly the share price depends on Bitcoin value, financing access and the premium investors assign to the treasury structure.

Stock closes at USD 168.50

Strategy stock closed at USD 168.50 on Nasdaq on September 21, 2026, after gaining 9.47 percent. The latest purchase, the 846,000 Bitcoin balance and the USD 8.2 billion second-quarter loss leave Bitcoin exposure as the central operating and valuation variable.